Saudi Arabia's $55 billion EA buyout approved by the European Commission, who say it doesn't "raise competition concerns"
The European Commission has approved Saudi Arabia's Public Investment Fund's $55 billion buyout of Electronic Arts, stating it raises no competition concerns within the EU. While the deal has received regulatory approval in Europe, US lawmakers have called for an investigation into potential anti-competitive practices and worker impact.
- Entities
- Company: Electronic Arts
- Person: Joshua Kushner
- Company: Saudi Arabia
- Company: Affinity Partners
- Topic: Competition Law
- Topic: Mergers and Acquisitions
- Company: European Commission
- Company: Public Investment Fund
This article was reported and published by rockpapershotgun.com. feed.gg links to it as part of a story cluster — full text, images and rights remain with the publisher.